Global slowdown fears: Swaminathan Aiyar on India effect

This week, the International Monetary Fund slashed its world growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilise a slowing global economy. IMF also cited a bigger-than-expected slowdown in China's economy and Brexit uncertainty as risks to its outlook, saying these could worsen turbulence in financial markets. ET's consulting editor Swaminathan Aiyar explains the implications of a global downturn on the 'resilient' Indian economy. (Text: Reuters/ET Online)